Nasdaq Dubai has announced the listing of the New Development Bank's (NDB) $50 billion Euro Medium Term Note (EMTN) Programme, marking a pivotal moment in the bank's efforts to strengthen its access to global capital markets. This move not only underscores Dubai's growing role as an international hub for sustainable finance but also bolsters its position in cross-border capital flows.

The EMTN Programme offers NDB a flexible and efficient framework to issue debt instruments aimed at financing infrastructure and sustainable development projects across its member countries and other emerging markets. With listings already on the Financial Conduct Authority's official register and the London Stock Exchange, the addition of Nasdaq Dubai to the list is a strategic initiative to expand NDB's footprint and support financial platforms in its member countries.

Established by the BRICS nations in 2015, NDB is dedicated to mobilizing resources for projects that promote economic growth, social inclusion, and environmental sustainability. Its mandate covers a wide array of priorities, including clean energy, transport networks, water and sanitation, and digital infrastructure. The UAE's membership in NDB since October 2021, with a capital subscription of $556 million, further strengthens the bank's financial capabilities and commitment to innovative sustainable development.

Mr. Monale Ratsoma, Vice-President and Chief Financial Officer of NDB, commented on the significance of listing on Nasdaq Dubai, highlighting the access it provides to a diverse investor base. This access is crucial for mobilizing long-term capital for infrastructure and sustainable development projects in member countries. The listing aligns with NDB's strategy to diversify funding sources across various markets and investor bases.

For investors considering the implications of this development, the listing on Nasdaq Dubai represents a potential opportunity to engage with a financial instrument that supports sustainable development and infrastructure projects in emerging markets. Given the strategic importance of this programme and its alignment with global sustainable finance trends, the recommendation is to hold the instrument, allowing for observation of how the programme progresses and the benefits it brings to NDB and its member countries.